Apple plans US$7bn bond sale to fund AI push, Bloomberg reports
Apple is seeking about US$7 billion from a US-dollar bond offering, Bloomberg News reported, citing sources. The iPhone maker is the latest major tech company to tap debt markets to fund AI expansion. Goldman Sachs, Bank of America, Deutsche Bank and JPMorgan are managing the sale.
Apple is seeking about US$7 billion (HK$54.6 billion) from a US-dollar bond offering, Bloomberg News reported on Thursday, citing people familiar with the matter. The iPhone maker is the latest major tech company to tap debt markets as the sector raises large sums to fund artificial-intelligence expansion.
No final decision has been made on the size of the sale, which may still change depending on investor demand, the report said. The initial price guidance for the longest-dated tranche is 80 basis points over US Treasuries, according to Bloomberg News.
Goldman Sachs, Bank of America Securities, Deutsche Bank Securities and JPMorgan are joint book-running managers for the offering, a regulatory filing showed. Goldman declined to comment on the size of the offering, while the others did not immediately respond to Reuters requests for comment. Apple did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
Apple's seven-part offering includes two floating-rate notes due in 2028 and 2029, and five fixed-rate notes due between 2028 and 2036, according to the filing. The company plans to use the money for general business purposes, including share buybacks and repaying outstanding debt, the filing said.
Apple last raised money through bonds in May 2025, when it sold US$4.5 billion of debt in a four-part deal. That sale attracted US$10 billion in orders, according to Reuters.